If The Market Gains 6.2%, Then It Will Officially Look Nothing Like Japan

A few more weeks of this rally, and the market will look nothing like the Nikkei bust.

We’re currently 6.2% of the year’s high — not a trivial amount, clearly — but if that can be cleared, as the last Mega-Bears chart from Doug Short shows, then the bust will at least shape-wise no longer look like Japan.